Affinity Federal Credit Union Foundation

EIN: 202706810 501(c)(3) Philanthropy & Grantmaking

Basking Ridge, NJ

Total Revenue
$259,673
Total Expenses
$329,172
Total Assets
$734,190
Net Assets
$470,158
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NJ
Principal Officer
Kelly Watts
Phone
9088603914
Tax Period
2023-01-01 to 2023-12-31

Affinity Federal Credit Union Foundation, founded in 2005, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $260K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $329K exceeded revenue, resulting in a 27% operating deficit.

Mission

The Foundation is the philanthropic arm of Affinity Federal Credit Union and its members.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $237,397
Program Service Revenue $0
Investment Income $24,722
Other Revenue $-2,446
TOTAL REVENUE $259,673

Expense Breakdown

Grants Paid $225,663
Salaries & Benefits $0
Fundraising Expenses $81,983
Program Expenses $229,899
Other Expenses $103,509
TOTAL EXPENSES $329,172

Year-over-Year Comparison

2023 2022 Change
Revenue $259,673 $398,525 -0.3%
Expenses $329,172 $441,593 -0.3%
Net Income $-69,499 $-43,068 +0.6%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
35

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$148,756
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karla Wallack Executive Dir. 35.00
Officer
$0 $8,846 $148,756
John Fenton Chair 0.50
Officer Director
$0 $0 $0
Joseph Herbst Vice Chair 0.50
Officer Director
$0 $0 $0
Andre Solomon Treasurer 0.50
Officer Director
$0 $0 $0
Kawanzaa King Secretary 0.50
Officer Director
$0 $0 $0
Luis Alzate-Duque Trustee 0.50
Director
$0 $0 $0
Pamela Cohen Trustee 0.50
Director
$0 $0 $0
Frank Giannelli Trustee 0.50
Director
$0 $0 $0
Michelle Jansen Trustee 0.50
Director
$0 $0 $0
Jacquelyn Kearns Trustee 0.50
Director
$0 $0 $0
MaryAnne Melanson Trustee 0.50
Director
$0 $0 $0
Sandy Sharp Trustee 0.50
Director
$0 $0 $0
Shay Wadher Trustee 0.50
Director
$0 $0 $0
James Reade Trustee 0.50
Director
$0 $0 $0
Bryan Watkinson Trustee 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $259,673 $329,172 $734,190 $-69,499
2022 $398,525 $441,593 $788,142 $-43,068
2021 $246,342 $212,711 $573,756 $33,631
2020 $99,213 $154,429 $540,125 $-55,216
2019 $206,274 $160,829 $595,252 $45,445
2018 $229,284 $171,142 $553,591 $58,142
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